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Great rambling essay by my friend and former colleague Audrey Li. Audrey’s family live in a small town / village in Sichuan province. Sichuan is in the west of China. The essay covers WeChat, payments, crime and the party’s fight against pollution. The battle against pollution has hard costs, which Audrey goes into – Smart Phone, No-cash Society, and Jobless — A Short Conversation with My Mother

Dissecting the Jimmy Choo Michael Kors Deal | News & Analysis | BoF – “I think Michael Kors is trying to build up a portfolio of accessible luxury brands. This development strategy is very similar to the one of Coach, rather than to LVMH and Kering which are focused on true luxury brands. Moreover LVMH and Kering are at a more advanced stage of development: they already control dozens of brands and have central structure to exploit synergies among them,” adds Mario Ortelli, European luxury goods analyst at Sanford C. Bernstein